Corporate governance and compensation of chief executive officer Brazilian

Authors

  • Paulo Roberto da Cunha Fundação Universidade Regional de Blumenau – FURB Author
  • Mara Vogt Fundação Universidade Regional de Blumenau – FURB Author
  • Larissa Degenhart Fundação Universidade Regional de Blumenau – FURB Author

DOI:

https://doi.org/10.4025/enfoque.v35i2.30924

Keywords:

Governança Corporativa, Remuneração, Diretores Executivos.

Abstract

This study aimed to analyze the corporate governance attributes that affect the compensation of executive directors of Brazilian public companies. We conducted a descriptive, documentary and quantitative research. The study sample comprised the 100 Brazilian companies listed on the BM&FBovespa, belonging to the Novo Mercado. From the study results it was found that the variable size of the company showed a significant relation to the fixed remuneration. The shareholding of directors, board size and ROA were significant to the variable remuneration, however, the stake and the size of negatively board of directors. The size of the board, the ROA and firm size were related significantly to the total remuneration. We conclude that the corporate governance attributes that affect the compensation of executive officers of the companies analyzed were the shareholdings of directors, size of the board, ROA and firm size.

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Author Biographies

  • Paulo Roberto da Cunha, Fundação Universidade Regional de Blumenau – FURB

    Doutor em Ciências Contábeis e Administração pela Fundação Universidade Regional de Blumenau – FURB

    Professor da Fundação Universidade Regional de Blumenau – FURB no Programa de Pós-Graduação em Ciências Contábeis (PPGCC/FURB)

  • Mara Vogt, Fundação Universidade Regional de Blumenau – FURB

    Mestre em Ciências Contábeis pela Fundação Universidade Regional de Blumenau – FURB

    Doutoranda em Ciências Contábeis e Administração pela Fundação Universidade Regional de Blumenau – FURB

  • Larissa Degenhart, Fundação Universidade Regional de Blumenau – FURB

    Mestre em Ciências Contábeis pela Fundação Universidade Regional de Blumenau – FURB

    Doutoranda em Ciências Contábeis e Administração pela Fundação Universidade Regional de Blumenau – FURB

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Additional Files

Published

2016-08-18

Issue

Vol. 35 No. 2 (2016)

Section

Original Articles

License

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How to Cite

Cunha, P. R. da, Vogt, M., & Degenhart, L. (2016). Corporate governance and compensation of chief executive officer Brazilian. Enfoque: Reflexão Contábil, 35(2), 1-16. https://doi.org/10.4025/enfoque.v35i2.30924